Greek telecoms operator Cosmote has strengthened its collaboration with Hedno through a deal that will see it support another 65,000 M2M connections for the electricity provider.
Cosmote (Athens, Greece) is also to provide an integrated management platform allowing Hedno (Athens, Greece) to manage and analyse data using internet services.
Hedno appears to be rolling out the connections as part of a smart-meter project aimed at measuring consumption of electricity services in customer premises.
According to Cosmote, the integrated management platform will allow Hedno to monitor the status of connected devices in real time.
The platform also means that Hedno can be notified of status changes through text messages or emails and receive detailed information on consumption per M2M connection through special reports.
In addition, the electricity provider will be notified if usage exceeds certain predetermined limits.
The deal is a boost to Cosmote’s activities in the M2M area, which have seen the operator continue to upgrade and expand its network throughout Greece and provide services in sectors including energy, health and transport.
Part-owned by Deutsche Telekom (Bonn, Germany), Cosmote is able to draw on the expertise and experience of German phone company in the M2M area.
Deutsche Telekom has been an especially active M2M player and aims to generate €1 billion in revenue from so-called intelligent network services – including M2M services provided to the automotive, energy and healthcare sectors – in 2015, up from just €100 million in 2012.
Cosmote’s own financial performance has been somewhat disappointing of late, with Greek mobile customers cutting back on usage in a very tough economic environment.
For the three months ending June, the company reported a 13.5% drop in revenues from mobile services, to €331.7 million, compared with the same period last year.
The company has been selling assets and laying off staff in a bid to shore up profitability.